Economic Development and the Structure of the Demand for Commercial Energy

@inproceedings{Judson1998EconomicDA,
  title={Economic Development and the Structure of the Demand for Commercial Energy},
  author={Ruth A. Judson and Richard L. Schmalensee and Thomas M. Stoker},
  year={1998}
}
To deepen understanding of the relation between economic development and energy demand, this study estimates the Engel curves that relate per-capita energy consumption in major economic sectors to percapita GDP. Panel data covering up to 123 nations are employed, and measurement problems are treated both in dataset construction and in estimation. Time and country fixed effects are assumed, and flexible forms for income effects are employed. There are substantial differences among sectors in the… CONTINUE READING

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